But a more important question is: Why should an insurance company like AIG receive bailout money in the first place? Isn't bailout money reserved for banks? The Wall Street Journal, citing confidential documents, reported that $50 billion of AIG bailout money went to firms such as Goldman Sachs, Merrill Lynch, Bank of America, and a number of European banks. In other words, the reason AIG received bailout money is because it owed the biggest of banks in the world a lot of money and didn't have the cash to pay up. In the last quarter of 2008, AIG posted the biggest loss in corporate history—some $61.7 billion. That is $27 million for every hour.
— Robert Kiyosaki; Rich Dad's Conspiracy of The Rich
